§ 4017. — Recovery of costs.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 20USC4017]
TITLE 20--EDUCATION
CHAPTER 52--EDUCATION FOR ECONOMIC SECURITY
SUBCHAPTER V--ASBESTOS SCHOOL HAZARD ABATEMENT
Sec. 4017. Recovery of costs
(a) Loan condition
(1) As a condition of the award of any financial assistance under
section 4014 of this title, the recipient of any such loan or grant
shall permit the United States to sue on behalf of such recipient any
person determined by the Attorney General to be liable to the recipient
for the costs of any activities undertaken by the recipient under such
section.
(2) The proceeds from any judgment recovered in any suit brought by
the United States under paragraph (1) (or, if the recipient files a
similar suit on its own behalf, the proceeds from a judgment recovered
by the recipient in such suit) shall be used to repay to the United
States, by deposit in the Asbestos Trust Fund established by section
4022 of this title, to the extent that the proceeds are sufficient to
provide for such repayment, an amount equal to the sum of--
(A) the amount (i) outstanding on any loan and (ii) of any grant
made to the recipient; and
(B) an amount equal to the interest which would have been
charged on such loan were the loan made by a commercial lender at
prevailing interest rates (as determined by the Administrator).
(b) Expeditious recovery
The Attorney General shall, where appropriate, proceed in an
expeditious manner to recover the amounts expended by the United States
to carry out this subchapter from the persons identified by the Attorney
General as being liable for such costs.
(Pub. L. 98-377, title V, Sec. 508, Aug. 11, 1984, 98 Stat. 1293; Pub.
L. 101-637, Secs. 9, 14(a)(8), (b)(10), (11), (c)(5), Nov. 28, 1990, 104
Stat. 4592, 4594-4596.)
Amendments
1990--Pub. L. 101-637, Sec. 14(a)(8), inserted section catchline.
Subsec. (a). Pub. L. 101-637, Sec. 14(b)(10), inserted heading.
Subsec. (a)(1). Pub. L. 101-637, Sec. 14(c)(5), substituted
``section'' for ``sections'' after ``such''.
Subsec. (a)(2). Pub. L. 101-637, Sec. 9, inserted ``by deposit in
the Asbestos Trust Fund established by section 4022 of this title,''
after ``repay to the United States,''.
Subsec. (b). Pub. L. 101-637, Sec. 14(b)(11), inserted heading.
Section Referred to in Other Sections
This section is referred to in sections 4019, 4022 of this title.
